Outlook for container shipping ‘more uncertain now than at the onset of Covid’

The Loadstar website carries a very interesting article advising shippers to prepare for “difficult operational and shipping conditions” as maritime analyst Drewry revealed grim demand predictions for container throughput.

That made interesting reading for the U-Freight Group, with our portfolio of international container shipping services, which include LCL and FCL import and export operations.

As the US administration “takes a chainsaw to the rule books on governance, foreign diplomacy, and international trade”, the outlook for container shipping is “more uncertain now than it was at the onset of the Covid virus”, said Simon Heaney, senior manager of container research at Drewry.

“The difference now is that then, the world quickly got to grips with the risks Covid presented. However, none of Trump’s policy decisions or executive orders relating to trade have any quality of permanence,” he explained.

“Business shrivels in chaotic uncertainty, and very few are prepared to make significant investments in such a climate.”  

Indeed, today Drewry revealed “a much more pessimistic container demand outlook” than last month, with Mr Heaney adding: “There are going to be very few, if any, upsides for container shipping from this trade war.”

The full report can be seen at the following website: https://theloadstar.com/outlook-for-container-shipping-more-uncertain-now-than-at-the-onset-of-covid/

U-Freight’s ocean freight teams around the work are ready to assist anyone looking for some guidance and support as they try to negotiate the uncertainty that prevails in container shipping at present. They can be contacted via the following area of our website: https://ufreight.com/locations

For more general information about our ocean freight forwarding and logistics services, please visit the relevant pages of our website.